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Nokia Corp. (NOK) Dropped To A New Low On Guidance News

4/12/2012 8:00 AM ET

Nokia Corp. (NOK: Quote) slashed its outlook for the devices & services unit for the first quarter of fiscal 2012, saying Wednesday that the unit will now report an operating loss.

Nokia gapped open sharply lower Wednesday, but traded in a range throughout the session. The stock closed down by 0.79 at $4.24 on the highest volume in 10 months. Nokia plunged beneath support and finished at a new low for the year.

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by RTT Staff Writer

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